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Updated over 9 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Tiffany Cunningham
  • Investor
  • Bronx, NY
1
Votes |
11
Posts

I made an offer and the seller REJECTED!

Tiffany Cunningham
  • Investor
  • Bronx, NY
Posted
I found a property in a great neighborhood that needs tons of work. I mean at least 75-80k. The seller is acting on behalf of his mother. The property has been vacant and in unlivable condition since at least 2009, maybe before then. Long story short I did my calculation to get my MAO and it was rejected. I have room to increase my offer, however the work I've put in to find this property, the amount of phone tag that's taken place kind of makes me question whether or not I should do business with this guy. He's a used car salesman so he's been talking a good game and since I'm a newbie at this he's really getting to me. Raising my offer seems like it's the only way I could possibly get this house under contract. How does one deal with a rejected offer?

Most Popular Reply

User Stats

727
Posts
500
Votes
Tony Gunter
  • Investor
  • Canton, GA
500
Votes |
727
Posts
Tony Gunter
  • Investor
  • Canton, GA
Replied

Your are getting emotionally involved with the property.

Make sure they know how to reach you, but walk away. If they can't counter and it is not listed, your bidding against yourself. A better property/deal is just around the corner.

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